1 Trillion Reasons to Buy Costco?
Costco (NASDAQ:COST) has seen enormous success with its membership-driven wholesale approach to retail shopping.
Listed as the third-largest retailer in the world behind only Walmart and Amazon, Costco is an increasingly popular option among cost-conscious shoppers looking to stretch their household budgets by buying in bulk at low prices.
Famously, the company was also a favorite of late Berkshire Hathaway vice chairman Charlie Munger, » Read more about: 1 Trillion Reasons to Buy Costco? »
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Market Commentary: 53.4% of Money Manager’s Portfolio In Just 7 Stocks
Recently, I stumbled across a little-known New York investment manager, called Wall Street Access Asset Management. What intrigued me about their portfolio is that it holds about 25 positions, however 53.4% of the portfolio is concentrated in just the top 7 holdings.
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Market Commentary: Up 600% This Year, We Nailed It
On June 6, we featured IONQ. If you’re not familiar with it, IonQ is a quantum computing company that develops and operates trapped ion quantum computers.
The technology uses individual atoms as qubits, which are the basic units of information in a quantum computer. IonQ’s computers are designed to solve the world’s most complex problems,
» Read more about: Market Commentary: Up 600% This Year, We Nailed It »
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Market Commentary: Is Musk Making a Massive Mistake?
Tesla reported record profits and production in the second quarter of 2023, but its stock price fell 11%. The company’s revenue increased 47% year-over-year to almost $25 billion, and delivered just shy of 900,000 vehicles. However, Tesla’s gross margin fell by almost 7% points from 25% in the previous quarter, due to price cuts.
Tesla CEO Elon Musk said that the company is “
» Read more about: Market Commentary: Is Musk Making a Massive Mistake? »
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Is Shopify a Slam Dunk Buy on the Dip?
Recently, an under-the-radar tech company has captured the interest of top-tier investment funds. Hedge funds have quietly been acquiring significant shares that displays a conviction in this company’s potential to redefine its market.
So, what’s the stock is it a buy on the dip?
Key Points
- Shopify’s shift beyond subscriptions to financial services,
» Read more about: Is Shopify a Slam Dunk Buy on the Dip? »
Read MoreThe Burst
Is This Old Buffett Favorite Now Worth Buying?
Once upon a time Wells Fargo was beloved by Warren Buffett. Despite scandal after scandal plaguing the company, his conviction couldn’t be shaken, until finally the accumulation of issues appeared to spark a sell.
As a reminder, here are the scandals that rocked Wells Fargo over the years:
- September 2016: The fake account scandal
- September 2016: Improperly repossessing service members’ cars
- December 2016: Wells Fargo fails its ‘living will’ test
- March 2017: More fake accounts
- March 2017: Flunked community lending test
- April 2017: Whistleblower wins $5.4 million and his job back
- August 2017: Lawsuit over overcharging small business retailers
- February 2018: Sacramento sues over discrimination against black and Latino borrowers
- March 2018: Wealth management investigation emerges
- April 2018: $1 billion settlement for mortgage locks and auto-loan issues
- May 2018: Altering business information without client knowledge
- May 2018: $480 million to settle securities-fraud lawsuit
- June 2018: SEC fine for leading investors astray
- July 2018: Refunds over add-ons like pet insurance and legal services
- August 2018: Hundreds of houses foreclosed on due to computer glitch
- August 2018: Wells Fargo pays $2.1 billion for its role in housing bubble
- March 2019: Wells Fargo among advisors sanctioned by SEC for fee-disclosure practices
Since Buffett offloaded his position,
» Read more about: Is This Old Buffett Favorite Now Worth Buying? »
Read MoreThe Spotlight
Spotlight: 1 Stunning Stock To Hold For 10 Years
Have you ever been to a public restroom and wondered how the company that runs the soap dispensary fares? If not, let me lift the veil. If so, you may already be familiar with the name Cintas.
Cintas Corporation (NASDAQ:CTAS) is a leading provider of restroom supplies,
» Read more about: Spotlight: 1 Stunning Stock To Hold For 10 Years »
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